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IRA, 45X and Musk: the future of American EVs

With a new president in office, electric vehicles may not be as straightforward

Munira Rajkotwalla
Tesla's lithium refinery is expected to produce battery grade lithium for 1 million EVs by 2025.

Tesla's lithium refinery is expected to produce battery grade lithium for 1 million EVs by 2025. | Credits: Photosite via Shutterstock

The Inflation Reduction Act (IRA) of 2022 was a game-changer for many miners and providers with ties to the US. With US$500 billion injected into the economy in new spending and tax breaks related to clean...

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